An Economic Lesson from the Biblical Joseph, by Way of Friedrich Hayek

Dec. 15 2017

In this week’s Torah reading, Joseph becomes the second most powerful man in Egypt after successfully interpreting Pharaoh’s dream as a portent of seven years of plenty followed by seven years of famine. Tasked with preparing the country for the lean years, Joseph acquires enough surplus grain during the fat ones to feed the people for the duration of the famine. In what happens next, Jonathan Sacks finds an important insight about economics and freedom:

When the people ran out of money during the lean years, Joseph told them to trade their livestock. When this too ran out, he arranged for them to sell their land to Pharaoh with the sole exception of the land belonging to the priests. The Egyptians were now, in essence, Pharaoh’s serfs, paying him a tax of 20 percent of their produce each year [to rent back the land that they had sold].

This nationalization of livestock, labor, and land meant that power was now concentrated in the hands of Pharaoh, and the people themselves reduced to serfdom. Both of these developments would eventually be used against Joseph’s own people, when a new Pharaoh arose and enslaved the Israelites. It cannot be by accident that the Torah twice uses about the Egyptians the same phrase it will later use about the Israelites: avadim l’faro: they have become “Pharaoh’s slaves” (Genesis 47:19, 25). There is already here a hint that too much economic power in the hands of the state leads to what [the great Anglo-Austrian economist] Friedrich Hayek called “the road to serfdom” and the eclipse of liberty.

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Read more at Rabbi Jonathan Sacks

More about: Economics, F. A. Hayek, Hebrew Bible, Joseph, Religion & Holidays

Europe Must Stop Tolerating Iranian Operations on Its Soil

March 31 2023

Established in 2012 and maintaining branches in Europe, North America, and Iran, the Samidoun Palestinian Prisoner Network claims its goal is merely to show “solidarity” for imprisoned Palestinians. The organization’s leader, however, has admitted to being a representative of the Popular Front for the Liberation of Palestine (PFLP), a notorious terrorist group whose most recent accomplishments include murdering a seventeen-year-old girl. As Arsen Ostrovsky and Patricia Teitelbaum point out, Samidoun is just one example of how the European Union allows Iran-backed terrorists to operate in its midst:

The PFLP is a proxy of the Iranian regime, which provides the terror group with money, training, and weapons. Samidoun . . . has a branch in Tehran. It has even held events there, under the pretext of “cultural activity,” to elicit support for operations in Europe. Its leader, Khaled Barakat, is a regular on Iran’s state [channel] PressTV, calling for violence and lauding Iran’s involvement in the region. It is utterly incomprehensible, therefore, that the EU has not yet designated Samidoun a terror group.

According to the Council of the European Union, groups and/or individuals can be added to the EU terror list on the basis of “proposals submitted by member states based on a decision by a competent authority of a member state or a third country.” In this regard, there is already a standing designation by Israel of Samidoun as a terror group and a decision of a German court finding Barakat to be a senior PFLP operative.

Given the irrefutable axis-of-terror between Samidoun, PFLP, and the Iranian regime, the EU has a duty to put Samidoun and senior Samidoun leaders on the EU terror list. It should do this not as some favor to Israel, but because otherwise it continues to turn a blind eye to a group that presents a clear and present security threat to the European Union and EU citizens.

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Read more at Newsweek

More about: European Union, Iran, Palestinian terror, PFLP